Former Charlton defender Richard Rufus has resigned from his posts at the south east London club.

The centre half - who spent the entirety of his 11-year professional career with the Addicks - had been working as academy coach and ambassador for the club’s community trust.

The Guardian believes he has now parted ways with Charlton after he was labelled a fraudster by a civil court judge after taking more than £16million in a ponzi-style scheme.

The newspaper’s website reported the bankruptcy registrar Jones said Rufus had accepted more than £16m from investors between 2007 and 2011 without authorisation and in breach of financial regulations.

He had lost more than £5m through currency exchange trading and used more than £3m for his “own purposes”.

It added Rufus had also given money from the pockets of some investors to other investors and pretended that money was profit.

Registrar Jones said Rufus had misused money given to him by officials at two London churches he had links with.

The south east London side are expected to announce Rufus’ departure this week.